Limelight Sells Off EyeWonder Division To DG Fast Channel For $66 Million

Limelight Networks, Inc. (NASDAQ:LLNW) has announced today that they have sold their EyeWonder ad division for $66 million in cash to DG Fast Channel. The deal is expected to close on September 1st. Limelight is also going to go through a $25 million stock repurchase. Limelight currently has a market cap of $282 million. Limelight expects revenues for the third quarter to hit $46.1 to $47.3 million. [Limelight Press Release]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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